Examples of Prepetition Revolving Credit Agreement in a sentence
This would also explain the sequence of the midrash quoted above which seems to prove the first principle from the second: “just as the Torah was given in lashon hakodesh, etc.” NITZACHON • ןוחצינ 89BEREISHIS human beings, who use human language to communicate.
The amount of the Prepetition Revolving Credit Agreement Obligations owed to each Prepetition Revolving Lender as of the Petition Date is no less than the amount set forth in the table below.
Pursuant to the Prepetition Revolving Credit Agreement, the Prepetition Revolving Lenders made commitments to provide unsecured revolving loans and make letters of credit available to the Debtor in an aggregate amount not to exceed $500,000,000.
Pursuant to Section 8.02 of the Prepetition Revolving Credit Agreement, upon the Petition Date, by virtue of the Debtor’s filing for relief under chapter 11 of the Bankruptcy Code, and by virtue of the provisions of the Bankruptcy Code, the Prepetition Revolving Credit Agreement Obligations became automatically due and payable in full without any further act of the Prepetition Revolving Agent or the Prepetition Revolving Lenders.
The setoff right of each Holding Lender is equal to the lesser of (i) such Holding Lender’s share of Prepetition Revolving Credit Agreement Obligations and (ii) the amount of Debtor funds held in the accounts of such Holding Lender on the Petition Date (such amount, in aggregate, or with respect to each Holding Lender’s respective share thereof, as applicable, the “Setoff Amount”, and such funds, the “Holding Lender Cash”).
Mandatory Prepayments will result in a dollar-for-dollar permanent reduction of the then-outstanding DIP Loans in accordance with an application waterfall in a manner consistent with the Prepetition Revolving Credit Agreement.
To the extent not paid in full in Cash prior to the Effective Date, on the Effective Date, the Allowed Prepetition Revolving Credit Claims will, in full satisfaction, settlement, discharge and release of, and in exchange for, such Claims, be indefeasibly paid in full in Cash and the Prepetition Revolving Credit Agreement Liens will be deemed discharged, released, and terminated for all purposes without further action of or by any Person or Entity.
As of the Petition Date, and without giving effect to this Interim Order, the Debtors are not aware of any liens or security interests over the Prepetition Collateral of the Prepetition Loan Parties having priority over the Prepetition Liens, except certain Permitted Liens (as defined in the Prepetition Revolving Credit Agreement).
None of the Borrower or any of its Subsidiaries will create, incur, assume or otherwise cause or suffer to exist or become effective any Lien on any Eligible Aircraft, Eligible Engines, or Eligible Inventory that secures any Indebtedness or any related guarantees (other than Liens to secure the Obligations, the Senior Note Indebtedness, the Indebtedness under the Prepetition Revolving Credit Agreement and the Indebtedness under the DIP Revolving Credit Agreement.
The Prepetition Revolving Credit Agreement provides for a senior secured reserve-based revolving credit facility (the “Prepetition RBL Facility”) with an initial borrowing base of $375 million.10 The Prepetition RBL Facility is guaranteed by each of XOG’s subsidiaries (excluding Northwest Corridor (collectively, the “Prepetition RBL Guarantors”) and is secured ona first-priority basis by substantially all of the Prepetition RBL Guarantors’ assets.